Services, value added in Iceland
Iceland: Services, value added was 66.2% in 2025. ▲ Rising
Services, value added in Iceland, 1995–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for services, value added in Iceland is 66.2%, measured in 2025.
That represents a change of up 1.4% on the previous year and up 2.6% over ten years.
Over the whole period, services, value added in Iceland peaked at 66.3% in 2019 and was at its lowest, 53.4%, in 1997.
Iceland ranks 49th of 204 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 31 years of available data.
Services, value added in Iceland, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1995 | 54.2% | — |
| 1996 | 54.7% | +1.0% |
| 1997 | 53.4% | -2.4% |
| 1998 | 54.8% | +2.6% |
| 1999 | 56.0% | +2.1% |
| 2000 | 57.3% | +2.3% |
| 2001 | 57.1% | -0.3% |
| 2002 | 59.3% | +3.8% |
| 2003 | 60.5% | +2.0% |
| 2004 | 60.2% | -0.4% |
| 2005 | 60.5% | +0.3% |
| 2006 | 59.0% | -2.4% |
| 2007 | 62.6% | +6.2% |
| 2008 | 61.6% | -1.7% |
| 2009 | 65.4% | +6.2% |
| 2010 | 62.0% | -5.2% |
| 2011 | 61.1% | -1.4% |
| 2012 | 61.9% | +1.3% |
| 2013 | 63.2% | +2.1% |
| 2014 | 63.8% | +1.0% |
| 2015 | 64.5% | +1.1% |
| 2016 | 65.5% | +1.5% |
| 2017 | 65.8% | +0.4% |
| 2018 | 65.1% | -1.1% |
| 2019 | 66.3% | +2.0% |
| 2020 | 65.4% | -1.5% |
| 2021 | 65.1% | -0.5% |
| 2022 | 64.9% | -0.2% |
| 2023 | 65.5% | +1.0% |
| 2024 | 65.3% | -0.3% |
| 2025 | 66.2% | +1.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 54.6% | 53.4% | 56.0% | 5 |
| 2000s | 60.3% | 57.1% | 65.4% | 10 |
| 2010s | 63.9% | 61.1% | 66.3% | 10 |
| 2020s | 65.4% | 64.9% | 66.2% | 6 |
Countries ranked near Iceland
- 46 Sweden 67.0% compare
- 47 Portugal 66.6% compare
- 48 Saint Vincent and the Grenadines 66.4% compare
- 50 Saint Kitts and Nevis 66.2% compare
- 51 Estonia 65.8% compare
- 52 Micronesia, Federated States of 65.3% compare
More economy & growth data for Iceland
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.96 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.48 Percent per annum (2029)
- Gross domestic savings (current US$), annual growth rate 13.17 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.2431 current US$ per US$ of GDP (2025)
- Gross domestic savings (current US$), per capita 23,906 current US$ per person (2025)
- Gross domestic savings (current LCU), annual growth rate 5.36 % change on previous year (2025)
- Gross domestic savings (current LCU), per unit of GDP 31.23 current LCU per US$ of GDP (2025)
- Gross domestic savings (current LCU), per capita 3.07 million current LCU per person (2025)
- GNI, Atlas method (current US$), annual growth rate 11.95 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9074 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is services, value added in Iceland?
- Services, value added in Iceland was 66.2% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Iceland?
- The highest recorded value was 66.3% in 2019.
- What is the lowest services, value added recorded in Iceland?
- The lowest recorded value was 53.4% in 1997.
- How does Iceland rank for services, value added?
- Iceland ranks 49th out of 204 countries with data for 2025.
- Is services, value added rising or falling in Iceland?
- Over the last ten years it is up 2.6%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.